New York Fashion Week is over, the glamazons and fashionistas have moved along to the next stage of their annual transnational migration, and Gotham can finally breathe easy and let its collective gut go slack.

From all reports, it was a pretty good show — and one that seemed to underscore the growing globalization and multiculturalism of the rag trade. The new-jack generation of Asian-heritage designers like Jason Wu, Prabal Gurung and reigning runway king Alexander Wang grabbed both headlines and celeb attention away from the Euro-American old guard; meanwhile, the catwalks showed more color than ever before, with Asian modelsleading the diverse pack.

And yet, even as the industry celebrated the continued “rise of the Asian American designer” (as proclaimed in 2010 by the New York Times, and repeated faithfully every year since) and the concurrent “rise of the Asian American supermodel” (as proclaimed in 2010 by Vogue), and repeated faithfully every year since), it’s clear that fashion hasn’t quite resolved its endemic racial issues. Speakeasy has more.